Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
rajveerpadda(Newbie)Newbie
14 Nov 2022

I have recently resigned from my full-time position and had my annual leave paid out to me.


I started my job on 29.03.2021 and my last day was 11.11.2022. I had 138.50 hours of annual leave left to be paid out.


I did get the leave paid out but was taxed $1768 on it. I was on annual salary of $71,128 and just want to confirm if the tax amount is right which for some reason looks a lot more to me than normal?

1,609 views
1 replies
1,609 views
1 replies

Most helpful response

Most helpful reply

AlliATO(Community Support)Community Support
15 Nov 2022

Hi @rajveerpadda


If you left voluntarily then marginal rates would apply.


Schedule 7 tells you more about this and includes the marginal rate calculation your employer would've used.

All replies

Featured articles

What remote working means for your tax return

20 June 2024 · 3 min read time

Finding your TFN

6 Feb 2026 · 4 min read time

How much tax should I pay on a second job? Claiming the tax-free threshold

15 Apr 2026 · 4 min read time

Top liked users

  1. Bruce4Tax

    (Taxicorn)

    3245 likes

  2. Taxduck

    (Taxicorn)

    2035 likes

  3. PayrollDeanne

    (Taxicorn)

    804 likes

  4. YellowPotato

    (Taxicorn)

    513 likes

  5. knaresbro

    (Devotee)

    358 likes

Top contributors

  1. Bruce4Tax

    (Taxicorn)

    10370contributions

  2. Taxduck

    (Taxicorn)

    4720contributions

  3. PayrollDeanne

    (Taxicorn)

    2038contributions

  4. YellowPotato

    (Taxicorn)

    1325contributions

  5. YEP

    (Devotee)

    837contributions

Loading
Annual Leave Payout on Resignation | ATO Community